Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.
Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight supply.
Europe’s extreme dependency on Russian energy products from oil to natural gas is made clear recently from the manner in which they have approached sanctions – with incrementalism, slowly sinking back into the bushes.
The consortium of the world’s largest oil-producing countries agreed to boost fossil fuel production faster than expected Thursday as energy prices rise worldwide due to Russia’s drawn-out war in Ukraine.
For Africa to achieve its energy access, decarbonization, affordability, independence and security goals, women’s participation across the entire oil and gas value chain needs to improve.
African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines.
Petroleum revenue: 80% of recommendations made need to be worked on – PIAC
The Deputy Minister of Energy, Andrew Egyapa Mercer, has urged the global business community to direct their interests to Ghana’s ambition of creating the biggest petroleum products hub in West Africa.
Citibank revised its demand growth outlook down by 1.4 million bpd to 2.2 million bpd y-o-y.
Seven years into the 2030 Agenda for Sustainable Development, we are not where we need to be – and we are faced with the existential threat of climate change